Real Estate investing – in your – IRA
Are you giving up control of Your retirement plan?
How’s your 201K plan doing? Maybe you should take control, could you do any worse? Maybe you should rollover your 401k or IRA into a self-directed IRA, and you decide what to invest in.
Maybe its time you considered real estate investing, historically, over time real estate has appreciated in value.
Even with the sales price of homes in the past few years has dropping by a greater percentage than it did even during the Great Depression, if you had purchased (with your self-directed IRA) a rental property even 10 years ago, not only should you have had positive cash flow (your IRA growing in value, tax deferred) and if you sold it now( even after that huge drop in price) you should have sold it for considerably more than you bought it for just 10 years ago (your IRA growing in value, tax deferred) (and your renter is the one that gave your IRA the money ).
So why is the money in your retirement plan ALL wrapped up in wall street? If you were told that is the only option, you were part of the truth, that is not your only option it may be their only option, you can go somewhere else, but I don’t suppose they want to suggest that to you. You should have been told, the custodian (Company your plan is with) doesn’t offer any other option, after all they obviously have a securities license, so what do they offer – only securities, go figure.
I would suggest to you if your financial adviser or whoever told you can’t invest in anything but wall street in your retirement plan, that unless you are married to them, you fire them. If you are married to them then do them a favor an enhance their knowledge by referring them to IRC section 408 of the Internal Revenue Service code.
A self-directed IRA is a retirement plan that allows you to choose where to invest your IRA money as permitted under IRA rules. Under your direction, your plan can invest in real estate such as commercial, residential, rentals, undeveloped land, foreclosures, rehabs, lease options, as well as limited partnerships, LLC’s, notes, commercial paper and many other holdings.
To search bank owned homes for sale in the east valley.
This information is for informational purpose and not intended to be investment advise, and should be explained to you in detail. You should always feel free to consult an attorney and/or tax adviser to obtain further information you deem necessary. I want you to be prepared. Anything I can do to help, just ask!
Take back control of Your retirement plan.